AUD/USD

... I would just shoot... whereever the PA goes..

Stoplost of 7 pips(excluding spread)

Ok noob mistake good luck

... in AU atm ... got to wait another 5-7hrs if I do not fall asleep at my desk... Just now I went next door and I see this bat.... was hanged ..... only because of Greece....

attached : EU 4h tf

.. making coffee...


Cheers !

.. Ever heard of BIS ? It is like a mafia in forex.... Bank of International Settlements..... It serves as a bank to Central Banks... Any Central Bank who wants to mask their identity in buying/selling huge volume can use BIS..

That's one way all your R&S blown ! ..... Not because ur wrong in your projections !

Will tell ya when they make a moves..

I think .... I hv informed 4 types of those ... (blowing R&S) in this thread.. find them..

Hello Guys,
this is my first post,
so i will make it short,
i suggest you to look at 4H chart MACD is down and price is up,
to me and my experiance suggests that 1.0650 is the target before any move up IF moved up side,
i am short from 1.0730 stop at 1.0800 1st target 1.0650 second target 1.0590

lets see how it works..

Good luck Guys,

Everybody are welcome to post in here... pls make full use of this thread.. tell us what u see... so that we can see where we went wrong.. Thanks !

Anyone else feeling this pair may begin to fall back towards the parity scene over the next couple of months?

Our economic figures are not so flash, and havn't been for a few months now. The only thing that makes Australia look good is the mining industry, which is BOOMING. However it is taking work out of cities and the retail industry. I'd bet my left nut that the majority of job advertisement increase is for mines all around Australia as this is the month that Traineeships/Apprenticeships go out for mines all over Aus.

Another reason behind my sentiment - Higher electricity prices and water prices as of the 1st of July (Approx up 7% for every household around Australia). like come on... our dams are FULL, we just had flooding for christ sake..

I believe the figures over the next few months are going to be garbage and the banks will have no reason to increase the cash rate. To be honest it needs a cut. That increase last November was a load of crap, and since then everyone has felt the pinch of increased fuel/food/electricity prices and has cut household spendings.

I'm honestly thinking we might see 1 more leg up to the 1.08 mark but I dont think we're going to make new highs, not with all the eurozone debt issues and the end of QE2. I can see these events snowballing into another GFC and blowing up in the FED's face.

I'm short this pair for now unless QE3 is announced or we get another freak rate hike :o

Mitch

Sure VennD i will post my analysis.
it is a good pair to trade with low risk rather then Yen Crosses

attached :

1) AU 15m tf

2) AU 4h tf

3) ... waiting for Aust AiG Performance of Services Index ( 2 more hrs)

4) Aust Trade Balance ( 4 more hrs)...

In the mean time.... relaxe... Cheers !

attached :

1) USDIX 15m tf

2) USDIX 4h tf

49.9 ---> 48.5 (No Good ) !... In general if it stays @ 50 and above, consider acceptable.... I think *lasty* is angry and not giving good services to clients.. (that data 20-40pips moves).


...am still waiting the Trade Balance.... 1h 44m from now..

dooown she comes. more bad numbers

God help the AUD if the trade balance is bad today.

still holding shorts from 1.075

SL still 1.085 - TP 1.046.. for the baby fund

Good luck lads, hopefully trade balance isnt terrible

Mitch

AUD/USD @1.0720 - Australia will continue to experience bad data. Its our turn to take the medicine and our only saviour is the mining boom that our political leaders want to sever the arteries through a CO2 tax and Mining tax.
The market appears short and there is something lumpy at 1.0700 (price action observation)
I will continue to sell into the rallies with a buy back and resell continuing an overall short just incase we get a mine shaft price action.( It has happened and will happen again.)

Good luck

Yea, 1.0710 ish appears to be getting bought up. I'd suspect we'll punch through that barrier if the Rate Statement & Trade Balance aren't too flash.

Mitch

... Mitch , I presume her sister is affected also.... Pls allow me to shoot her down..

Keep pushing Sit on her

not so fast, though the older sister may slip to previous last week lower levels. AUD/NZD drops from 1.30xx to below 1.29 which indicate stronger demand for NZD than AUD. i am pretty bullish @ NZD for long term (assuming there are no other earthqueake) and quite bearish @ AUD for short term. it is very irritating to sell rallies AUD so i will just stay on the sideline until i can buy in dips to the sky

ok then.... i closed 1 trade and left the other one with BE +1